Japan's Sumitomo Chemical plans to acquire the 40,000 tons PP compounding plant of Asahi Kasei Chemicals located at Havant near Portsmouth. Currently, Asahi Kasei holds 65% stake in the company and 35% is owned by Planesa, a Belgium-based holding company which coordinates the plastics operations of four Nichimen Group companies in Europe. AK & N has a 20,000 ton plant in Marseilles, France, which will also be included in the acquisition.
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http://plastemart.com/plasticnews_desc.asp?news_id=10735&P=P
Tuesday, August 28, 2007
Sumitomo to acquire Asahi Kasei Chemicals' PP compounding plant
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